MobilCom's Downfall Fails
To Ease Crowded Market

MobilCom AG seems likely to fail, and there still might be too many mobile-phone companies chasing too little business in Europe.

Barring a government bailout plan, the fifth-largest German wireless company faces near-certain demise. Its debt-laden shareholder France Telecom SA, with a 28.5% stake, last week said it would stop funding MobilCom's operations. German government officials were meeting with MobilCom representatives Sunday...